Southern Copper Corporation [NYSE: SCCO] price surged by 0.92 percent to reach at $0.86.
The one-year SCCO stock forecast points to a potential upside of 5.48. The average equity rating for SCCO stock is currently 3.45, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Southern Copper Corporation [SCCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SCCO shares is $99.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SCCO stock is a recommendation set at 3.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Southern Copper Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 12, 2024. The new note on the price target was released on December 02, 2024, representing the official price target for Southern Copper Corporation stock. Previously, the target price had yet another raise to $120, while UBS analysts kept a Neutral rating on SCCO stock.
The Average True Range (ATR) for Southern Copper Corporation is set at 2.73, with the Price to Sales ratio for SCCO stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 8.37, with the Price to Cash per share for the same quarter was set at 3.76. Price to Free Cash Flow for SCCO in the course of the last twelve months was 29.23 with Quick ratio for the last quarter at 2.31.
SCCO Stock Performance Analysis:
Southern Copper Corporation [SCCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.34. With this latest performance, SCCO shares dropped by -5.27% in over the last four-week period, additionally sinking by -12.13% over the last 6 months – not to mention a rise of 10.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SCCO stock in for the last two-week period is set at 38.28, with the RSI for the last a single of trading hit 37.15, and the three-weeks RSI is set at 39.58 for Southern Copper Corporation [SCCO]. The present Moving Average for the last 50 days of trading for this stock 104.62, while it was recorded at 93.19 for the last single week of trading, and 108.04 for the last 200 days.
Insight into Southern Copper Corporation Fundamentals:
Southern Copper Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.31 and a Current Ratio set at 2.77.
SCCO Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SCCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Southern Copper Corporation go to 14.36%.
Southern Copper Corporation [SCCO] Institutonal Ownership Details
There are presently around $9.17%, or 83.29%% of SCCO stock, in the hands of institutional investors. The top three institutional holders of SCCO stocks are: BLACKROCK INC. with ownership of 7.13 million shares, which is approximately 0.9226%. PRICE T ROWE ASSOCIATES INC /MD/, holding 6.51 million shares of the stock with an approximate value of $$701.3 million in SCCO stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $$450.69 million in SCCO stock with ownership which is approximately 0.5411%.
